The added value of electronic information manufacturing industry increased by 23.2%

On March 22, the Guangdong Provincial Bureau of Statistics released economic data for January and February. The analysis of the Provincial Bureau of Statistics pointed out that Guangdong's economy continued to pick up and improve, and the start was stable. However, the complexity, severity and uncertainty of the external environment have risen, the effective domestic demand is insufficient, and the economic development is still facing certain difficulties and challenges, and the foundation for the sustained economic recovery needs to be consolidated.

From January to February, the added value of industrial enterprises above designated size in the province increased by 10.6% year-on-year, and the growth rate increased by 6.2 percentage points over the previous year. Among them, the electronics industry was strongly supported, and the added value of the manufacturing of computers, communications and other electronic equipment increased by 23.2%.

Investment in fixed assets increased by 4.3 percent year-on-year, an increase of 1.8 percentage points over the previous year. Investment in new areas was relatively strong, with investment in advanced manufacturing and high-tech manufacturing increasing by 26.0 percent and 38.1 percent respectively.

Market sales continued to recover, and the total retail sales of consumer goods in the province increased by 6.1% year-on-year, an increase of 0.3 percentage points over the previous year. The province's consumer price index (CPI) fell by 0.2%. Among them, the CPI in February rose by 0.8% year-on-year from a year-on-year decline of 1.2% in the previous month.

Industrial production grew by double digits

The growth rate of fixed asset investment rebounded

According to the data released by the Guangdong Provincial Bureau of Statistics, from January to February, the added value of the province's industrial enterprises above designated size was 0.55 trillion yuan, a year-on-year increase of 10.6%, and the growth rate was 6.2 percentage points higher than that of the previous year.

In terms of categories, the added value of the mining industry increased by 6.3 percent, an increase of 5.9 percentage points over the previous year, the manufacturing industry increased by 10.8 percent, an increase of 6.8 percentage points, and the production and supply of electricity, heat, gas and water increased by 9.6 percent.

In terms of industries, the growth rate of major industries in the province was 76.9%, an increase of 20.5 percentage points over the previous year. Among the key industries, the added value of the manufacturing of computers, communications and other electronic equipment increased by 23.2 percent, the manufacturing of electrical machinery and equipment increased by 5.2 percent, the manufacturing of chemical raw materials and chemical products increased by 11.4 percent, and the production and supply of electricity and heat increased by 8.5 percent. In terms of products, the output of mobile phones, integrated circuits and optoelectronic devices increased by 42.9%, 56.6% and 38.1% respectively.

From January to February, the province's fixed asset investment increased by 4.3% year-on-year, an increase of 1.8 percentage points over the previous year. Industrial investment increased by 26.3 percent, of which investment in mining increased by 126.8 percent and manufacturing investment increased by 23.7 percent. Investment in new areas grew strongly, with investment in advanced manufacturing and high-tech manufacturing increasing by 26.0 percent and 38.1 percent respectively. Infrastructure investment increased by 9.9 percent, of which investment in electricity and heat production and supply increased by 44.1 percent, air transport increased by 20.9 percent, and public facilities management increased by 5.4 percent. The real estate market continued to adjust, with development investment falling by 13.6% and the area of commercial housing sales falling by 32.6%.

Market sales continue to recover

Residents are highly active in travel

From the demand side, from January to February, the total retail sales of consumer goods in the province were 0.84 trillion yuan, a year-on-year increase of 6.1%, and the growth rate was 0.3 percentage points higher than that of the previous year.

In terms of the location of business units, the retail sales of urban consumer goods increased by 5.8 percent, and the retail sales of rural consumer goods increased by 8.4 percent. In terms of consumption patterns, retail sales of goods increased by 5.9%, and catering revenue increased by 8.3%. Among the retail sales of commodities of units above designated size, the demand for basic daily commodities was strong, with grain, oil, food, beverages, and tobacco and liquor increasing by 9.6 percent, 16.3 percent, and 16.1 percent respectively; the retail sales of upgraded commodities grew rapidly, with retail sales of gold, silver, and jewelry, sports and recreational goods, household appliances and audio-visual equipment, furniture, and communication equipment increasing by 10.2 percent, 29.4 percent, 11.3 percent, 20.1 percent, and 20.0 percent respectively. Retail sales of new energy vehicles increased by 17.3%. The retail sales of units above designated size in the province increased by 12.9 percent through the public network, 4.2 percentage points faster than that of units above designated size.

From January to February, the province's freight volume increased by 10.2% year-on-year, an increase of 5.1 percentage points over the previous year, of which the civil aviation and waterway freight volume increased by 31.4% and 12.0% respectively. The cargo turnover increased by 5.9%, and the growth rate increased by 1.5 percentage points, of which the turnover of civil aviation and pipelines increased by 24.4% and 15.0% respectively. The port's cargo throughput increased by 12.9% and container throughput by 17.0%.

From January to February, the province's passenger traffic increased by 32.1 percent, of which the passenger traffic of railways and civil aviation increased by 39.4 percent and 41.0 percent respectively, and the passenger turnover increased by 43.9 percent, of which railways, waterways and civil aviation increased by 24.0 percent, 31.6 percent and 56.3 percent respectively.

In February, the province's consumer price index (CPI) rose by 0.8% year-on-year from a decrease of 1.2% in the previous month, up 2.0 percentage points from January. From January to February, the CPI fell by 0.2%.

In February, the province's industrial producer price index (PPI) fell by 1.7% year-on-year, and the industrial producer purchase price index (IPI) fell by 2.4%. From January to February, the PPI fell by 1.9% and the IPI fell by 2.4%.

A picture to understand Guangdong's economic data from January to February

01

Added value of industry

The added value of industrial enterprises above designated size in the province increased by 10.6 percent year-on-year, an increase of 6.2 percentage points over the previous year

The added value of the manufacturing of computers, communications and other electronic equipment increased by 23.2 percent

02

Investment in fixed assets

Investment in fixed assets increased by 4.3 percent year-on-year, an increase of 1.8 percentage points over the previous year

Advanced manufacturing grew by 26.0%

Investment in high-tech manufacturing increased by 38.1%

03

Marketing sales

Market sales continued to recover, and the total retail sales of consumer goods in the province increased by 6.1% year-on-year, an increase of 0.3 percentage points over the previous year

The province's consumer price index (CPI) fell by 0.2%

The CPI rose 0.8% year-on-year in February from a 1.2% decline in the previous month

04

Retail sales of consumer goods

The total retail sales of consumer goods in the province were 0.84 trillion yuan, a year-on-year increase of 6.1%, and the growth rate was 0.3 percentage points higher than that of the previous year

Grains, oils, foodstuffs, beverages, tobacco and alcohol increased by 9.6 percent, 16.3 percent and 16.1 percent respectively

The retail sales of gold, silver and jewelry, sports and recreational goods, household appliances and audio-visual equipment, furniture, and communication equipment increased by 10.2 percent, 29.4 percent, 11.3 percent, 20.1 percent, and 20.0 percent respectively

Retail sales of new energy vehicles increased by 17.3%

05

Passenger volume

The province's passenger traffic increased by 32.1%, of which the railway and civil aviation passenger traffic increased by 39.4% and 41.0% respectively

Passenger turnover increased by 43.9 percent, of which railways, waterways and civil aviation increased by 24.0 percent, 31.6 percent and 56.3 percent, respectively

Written by: Southern + reporter Zeng Meiling, Huang Xuhao, correspondent Wei Shengguang, He Wanhong